What changes after the holiday as yields and tariffs hit the tape
NEW YORK, Jan 19, 2026, 2:15 PM ET — Market closed
U.S. utility stocks are set to resume trading Tuesday following Monday’s Martin Luther King Jr. Day holiday closure on Wall Street. The Utilities Select Sector SPDR ETF (XLU) slipped 0.5% to close Friday at $43.39. (New York Stock Exchange)
The timing is crucial since utilities often act as “bond proxies” — they offer steady dividends, carry significant debt, and usually track long-term interest rates. The upcoming U.S. PCE inflation report drops on Jan. 22, followed by the Federal Reserve meeting on Jan. 27-28. Both are expected to shift rate expectations. (Bureau of Economic Analysis)
The bond market is also closed Monday, leaving no new data on Treasuries…
